Hmm... Reading this article leaves me with mixed emotions
Putin says U.S. is "parasite" on global economy - Yahoo! News
Putin says U.S. is "parasite" on global economy - Yahoo! News
Since when were the Russians experts on any economy let alone global economy?Hmm... Reading this article leaves me with mixed emotions
Since when were the Russians experts on any economy let alone global economy?
I don't think America is going to be a world power for very much longer.
Nope. Better than the Russians though.Would you say that the US are experts on the global economy?
Nope. Better than the Russians though.
Prime Minister Putin is right: the United States of America is living beyond its means. Instead of cutting spending and increasing revenue, the United States of America resolves to - tah-dah! - raise the debt ceiling, again, and keep making more (and more and more) debt to pay its way. Fiscal responsibility, baby -- the U.S. way!
After the 1998 financial crisis, Putin whipped up the bankcrupt Russian economy into top gear. During the US-led invasion & occupation of Iraq, when Washington kept raising the debt ceiling every five months and generating trillion and trillion of more debt, Putin's Russia was in a position to pay off its entire debt. Even now, although Russian was one of the hardest hit by the most recent global economic crisis, Russia's debt is less than 10% of the GDP.
So the Washington decision-makers might actually want to consider adopting a page or two out of Putin's book on how to bring a bankcrupt economy back to its feet.
Well said, but be forewarned people on this forum don't take too kindly to the facts or listening to others that actually read the article...
If you chew tobacco, drink Hamms, and watch Fox News you don't need the facts...
Our time as the world's super power is fast approaching it's last days.
I disagree. It's only just begun. I certainly am not clairvoyant, but I believe that we're only at the beginning of American power. If our time as the world power is a book, we've gotten through the introduction and have only just started the first chapter. Our economy will adjust itself, and we'll get back on our feet, stronger than ever before. That is my prediction.
I truly hope you are right as my view on this gives me no satisfaction whatsoever. But I do not believe any in Washington have the will to make any kind of adjustment that would stave off a collapse possible.
Still...my prayer is certainly that you are right rather than me.